Real estate activity still strong

Real estate activity still strong

22 October 2009 by Staff Reporter 0 comments

Business remains brisk for real estate agents, according to RP Data’s latest Market Activity Index.

The Index, which measures the activity of real estate professionals, has risen by 14 per cent since the start of June.

The increase in action corresponds with the rise in overall real estate listings.

More than 48,400 new real estate listings have been added to the market over the last month.

But while the influx of new stock to the market remain reasonably high, the total amount of stock advertised for sale has been falling consistently since peaking at 234,500 homes advertised for sale in October last year.

Last month, 204,546 homes were advertised for sale, an overall reduction of 16 per cent.

Business remains brisk for real estate agents, according to RP Data’s latest Market Activity Index.

The Index, which measures the activity of real estate professionals, has risen by 14 per cent since the start of June.

The increase in action corresponds with the rise in overall real estate listings.

More than 48,400 new real estate listings have been added to the market over the last month.

But while the influx of new stock to the market remain reasonably high, the total amount of stock advertised for sale has been falling consistently since peaking at 234,500 homes advertised for sale in October last year.

Last month, 204,546 homes were advertised for sale, an overall reduction of 16 per cent.

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